Winnipeg Blue Bombers finish 2017 season in the black

A frosty Investor's Group Field in Winnipeg was home to the CFL West Semi-Final between the Edmonton Eskimos and the Winnipeg Blue Bombers. File / Global News

The Winnipeg Blue Bombers finished the 2017 season with a profit after paying off its year-end bills.

According to the football club’s financial report, the Bombers posted an operating profit of $5.1 million, which is up $2.3 million from the previous season.

After making a $3.5 million loan payment on Investors Group Field and paying $1.3 million to the City of Winnipeg to cover earlier debt, the team walked away from 2017 with an extra $300,000 in the bank.

READ MORE: Winnipeg Football Club dips into $1.7 M savings in 2016

Club President and CEO Wade Miller said the financial success is a source of pride for the team and the community.

“These results are a testament to the strong support from our fans, season ticket members, and corporate partners. Our team should be proud of our success in 2017,” Miller said.

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Revenue for the 2017 season was up $2.9 million over last year. The club said the increase was due to a spike in attendance at the stadium.

“Investors Group Field has welcomed more than just football fans since its opening, with concerts, soccer, and the Manitoba Marathon finish line inviting a much broader group of Winnipegers into our beautiful facility. These non-football events have been important in the Club’s financial performance as well,” Miller said.

Over and above scheduled games, IGF was home to a playoff game and three significant non-football events.

“We are in a tough situation to get concerts with the Canadian dollar the way it is, and there’s not the big stadium touring acts that there used to be — those are few and far between,” Miller said. “So when we get one like Guns N’ Roses, we love it.”

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Total game revenue was up $1.6 million over last year.

Other numbers of note:                     2017               2016

  • average attendance                27,400            25,935
  • operating expenses          $27.4 million     $26.7 million
  • revenue                             $32.5 million     $29.6 million

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